This page reflects HAE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — HAE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $55.00 (4.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$5.88
±9.9%
Days to Expiry
29
Calendar days
Total Call OI
1,732
Nearest expiry
Total Put OI
275
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$59.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$60.00
4/17/2026, 11:13:06 PM
2026-05-15
$55.00
5/15/2026, 11:15:07 PM
2026-06-18NextUpdated
$55.00
5/20/2026, 11:14:02 PM
2026-09-18
$60.00
5/20/2026, 11:14:02 PM
2026-12-18
$55.00
5/20/2026, 11:14:02 PM
2027-01-15
$60.00
5/20/2026, 11:14:02 PM
Selected expiration: 2026-06-18 at max pain $55.00.
HAE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
654500
654500
35
0
517500
517500
40
0
382000
382000
45
20000
246500
266500
50
50500
117500
168000
55
114000
18000
132000
60
192000
11000
203000
65
327500
5500
333000
70
1024500
2000
1026500
75
1793500
0
1793500
80
2626500
0
2626500
85
3459500
0
3459500
90
4293000
0
4293000
95
5134000
0
5134000
100
5975000
0
5975000
115
8568500
0
8568500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.